Financial reporting

The new revenue recognition standard is going to force many companies to make new disclosures, but they shouldn’t wait until the last minute to get ready, warns a recent report.

Profs. Miller and Bahnson analyze a quartet of futile pursuits, from political interference with standard-setting to convergence.

Companies and mutual funds might be able to use a more convenient version of Extensible Business Reporting Language in their financial filings, under a new rule proposed by the SEC.

The Governmental Accounting Standards Board has released an “omnibus” statement providing guidance on a wide range of accounting and financial reporting issues that have been uncovered during the implementation and application of some of GASB’s earlier pronouncements for state and local governments.

The Anti-Fraud Collaboration, a coalition of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report on how organizations on can deter fraud and improve financial reporting.

The Securities and Exchange Commission has given its approval to the 2017 GAAP Financial Reporting Taxonomy, the annually updated set of accounting standards built using computer-readable tags.

The latest edition of the book covers recent changes from the Financial Accounting Standards Board.

The new chief of the International Integrated Reporting Council is aiming to build support for integrated reporting in the U.S. as the IIRC begins to gather feedback on how companies are implementing it.

The Financial Accounting Standards Board has released an update to improve the financial reporting on pensions and other post-retirement benefits.

With as much as $3 billion on the line, Jon Corzine is trying again to explain away a spectacular blot on his business legacy.

Medbox founder agrees to disgorge $12M and banning

The SEC has been increasingly focused on their use, fearing they may be painting a rosier picture than GAAP-based metrics.

The International Integrated Reporting Council is asking for comments on how companies are using the framework it issued three years ago for reporting on matters beyond simply a company’s financials.

Overall, smaller firms gained by far the most new and net engagements for the year.

Multiple risks lurk in the way accountants deliver their business clients’ information. CPA.com CEO Erik Asgeirsson and Confirmation.com founder Brian Fox discuss how a new information clearinghouse may solve the problem.

Implementation of the Financial Accounting Standards Board’s current expected credit loss standard is well underway at major banks, according to a survey by Deloitte, though the new standard could show how risky many of the loans really are.

The Financial Accounting Standards Board’s guidance on the definition of a business could be of special benefit to the real estate, pharmaceutical, biotech and financial services industries, but doesn’t go as far as some had hoped.

Japanese electronics giant posts massive writedown and chairman resigns on the heels of accounting scandal, providing hours of chaos that shook investor confidence.

Natural-food supplier that began a probe of its accounting practices last year, fell as much 15 percent after saying the U.S. Securities and Exchange Commission has opened a formal investigation into the matter.

Ex-American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that has dragged out for almost a dozen years, the state’s top lawyer said.